Are you guys looking for NCERT Important MCQ Questions for Class 11 Accountancy with Answers PDF Free Download as per CBSE new exam pattern? You came to the right page. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Important Multiple Choice Questions of Class 11 Accountancy. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.
Q1. Sales of Rs.10,000 recorded as Rs. 1,000 is an example of:
a) Compensating Error
b) Errors of principle
c) Errors of omission
d) Errors of commission
a) Compensating Error
Q2. Trial Balance might match in spite of presence of:
a) Errors of complete omission, Errors of principle
b) Errors of complete omission
c) Errors of commission
d) Errors of principle
a) Errors of complete omission, Errors of principle
Q3. Compensating errors are of a _ nature.
a) Neutralizing
b) Consistent
c) Concealing
d) Accommodating
a) Neutralizing
Q4. Rectification entries are passed in –
a) Journal Proper
b) Purchase Book
c) Sales Book
d) None of the options
a) Journal Proper
Q5. Under casting of Sales book is corrected by______Sales Account
a) Crediting
b) Debiting
c) Balancing
d) Ignoring
a) Crediting
Q6. A Suspense Account will give the
a) Debit or Credit balance
b) Debit balance
c) Credit balance
d) None of the options
a) Debit or Credit balance
Q7. Purchase of office furniture worth Rs. 5,000 has been debited to General expenses account. Identify the error.
a) Error of Principle
b) Clerical error
c) Error of omission
d) None of the options
a) Error of Principle
Q8. Rs. 2000 received from Smith whose account was previously written off as bad debt should be credited to –
a) Bad debts recovered Account
b) Smiths Account
c) Cash Account
d) None of the options
a) Bad debts recovered Account
Q9.A Trial Balance is prepared to
a) Ensure Arithmetical accuracy
b) Locate Errors of Principle
c) Locate Errors of omission
d) Locate Errors of commission
a) Ensure Arithmetical accuracy
Q10. Which of the following is prepared on the basis of Trial Balance –
(a) Journal
(b) Ledger
(c) Final Accounts
(d) None of these.
(c) Final Accounts
Q11. Of the two sides of Trial balance does not tally, which Account is opened –
(a) Suspense Account
(b) Personal Account
(c) Real Account
(d) None of these.
(a) Suspense Account
Q12. The error which can be disclosed by Trial balance-
(a) Error of ommission
(b) Error of principal
(c) Compensatory error
(d) None of these.
(d) None of these.
Q13. Errors are rectified in this book-
(a) Ledger book
(b) Journal proper
(c) Trial balance
(d) None of these.
(b) Journal proper
Q14. Errors Committed by omitting entries in the Journal book is called –
(a) Error of commission
(b) Error of principle
(c) Error of omission
(d) None of these.
(c) Error of omission
Q15. If the trial balance does not tally after many efforts then following Account is opened –
(a) Purchase account
(b) Suspense account
(c) Sales account
(d) None of these.
(b) Suspense account
Q16. Which of the following errors will be rectified through suspense account?
(a) Sales return book undercast by Rs. 1,000.
(b) Sales return by Madhu Rs. 1,000 not recorded.
(c) Sales return by Madhu Rs. 1,000 recorded as Rs. 100.
(d) Sales return by Madhu Rs. 1,000 recorded through purchases return book
(a) Sales return book undercast by Rs. 1,000.
Q17. If the trial balance agrees, it implies that:
(a) there is no error in the books.
(b) there may be two sided errors in the book.
(c) there may be one sided error in the books.
(d) there may be both two sided and one sided errors in the books.
(b) there may be two sided errors in the book.
Q18. If suspense account does not balance off even after rectification of errors it implies that:
(a) there are some one sided errors only in the books yet to be located.
(b) there are no more errors yet to be located.
(c) there are some two sided errors only yet to be located.
(d) there may be both one sided errors and two sided errors yet to be located.
(a) there are some one sided errors only in the books yet to be located.
Q19. If wages paid for installation of new machinery is debited to wages account, it is
(a) an error or commission.
(b) an error of principle
(c) a compensating error.
(d) an error of omission.
(b) an error of principle
Q20. Trial balance is:
(a) an account.
(b) a statement.
(c) a subsidiary book.
(d) a principal book.
(b) a statement.
MCQ Questions for Class 11 Accountancy: Financial Accounting
- Chapter1: Introduction to Accounting Class 11 MCQ
- Chapter2:Theory Base of Accounting Class 11 MCQ
- Chapter3: Recording of Transactions 1 Class 11 MCQ
- Chapter4: Recording of Transactions 2 Class 11 MCQ
- Chapter5: Bank Reconciliation Statement Class 11 MCQ
- Chapter6: Trial Balance and Rectification of Errors Class 11 MCQ
- Chapter7: Depreciation, Provisions and Reserves Class 11 MCQ
- Chapter8: Bills of Exchange Class 11 MCQ
- Chapter9: Financial Statements 1 Class 11 MCQ
- Chapter10: Financial Statements 2 Class 11 MCQ
- Chapter11: Accounts from Incomplete Records Class 11 MCQ
- Chapter12: Applications of Computers in Accounting Class 11 MCQ
- Chapter13: Computerised Accounting System Class 11 MCQ
- Chapter14: Structuring Database for Accounting Class 11 MCQ
- Chapter15: Accounting System Using Database Management System Class 11 MCQ
- Chapter16: Accounting for Not-for-Profit Organisation Class 11 MCQ
Practicing NCERT Accountancy Important MCQs With Answers Pdf Class 11 is one of the best ways to prepare for the CBSE Class 11 board exam. There is no substitute for consistent practice whether one wants to understand a concept thoroughly or one wants to score better. If you have any queries regarding The Solid State CBSE Class 11 Accountancy Important MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.